5380 Hamilton RdColumbus, OH 43230

Property Details for 5380 Hamilton Rd

Year built

2009

Construction

WOOD

Lot size

1.03 AC

Property size (Sq ft)

3,069 SF

Property type

Retail properties

Property subtype

Banks

APN

010-270644

APU

10270644

Description

This exceptional investment opportunity presents a 3,069 square foot, single-story bank building situated on a 1.03-acre lot in Columbus, Ohio. Built in 2009, the property boasts a convenient 3-lane drive-thru and ample parking (26 spaces). Located on a high-traffic commercial corridor of North Hamilton Road, between Morse Road and OH-161, it benefits from approximately 20,000 vehicles per day. The property features a 15-year, fully net lease with a built-in 10% rent increase every five years, currently at $40 per square foot. The sale-leaseback structure offers a secure, long-term income stream with a compelling 5.75% cap rate. The property is zoned Commercial, CPD, and its location provides excellent visibility and accessibility. The tenant is a federally insured, state-chartered credit union established in 1935, with over 67,000 members and nine locations in Columbus and Cincinnati. This is a rare opportunity to acquire a stable, high-performing asset in a desirable location. The asking price is $2,134,956, and the APN is 010-270644-00.

• CAP approach

  CAP return

  Valuation

  6%

  $849,731

  6.5%

  $784,367

  7%

  $728,341

• Comparable approach

  Method

  Valuation

  Relative Method

  $723,427

  Geo Method

  $723,427

• Alternative Use

  Use

  Valuation

  Residential

  $661,643

  Hospitality

  $606,061

  Educational

  $504,236

  Medical

  $521,577

  Retail

  $784,367

Location Insight

City

Columbus

County

Franklin

State

Ohio

Latitude

40.0665

Longitude

-82.8621

CBSA code

18140

CBSA name

COLUMBUS, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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